More home buyers are on the move this year, with 56% of listing views going to out-of-metro homes; affordable metros in the Midwest and Northeast gain in popularity SANTA CLARA, Calif., Feb. 2, 2023 /PRNewswire/ -- The U.S. housing market offered homebuyers greater bargaining power in January, as mortgage rates fell to their lowest level in months, inventory rose, and the growth in the typical asking price continued to slow, according to the Realtor.com ® Monthly Housing Trends Report released today. January 2023 Housing Metrics – National Share of active listings with price reductions Spotlight On: Affordable metros in the Midwest and Northeast gain in popularity The Realtor.com ® Q4 Cross-Market Demand Report also released today highlights regional variations in home buying activity and shows that in the face of higher affordability challenges more home buyers are on the move this year. Across the 50 largest U.S. metros, 45 metros saw an increase in time on market compared to the same time last year, with the greatest increases seen in Raleigh, N.C. (+41 days), Las Vegas and Denver (+40 days, respectively).